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to be for years and years that the government gave money to the banks in the form of guarantees, we would guarantee 90% of the bank loan that the banks made to the students. set ago is side the reserve in case the money didn't get repaid. it turned out the price of the loans went down and the default rate went down once you made the rates down, people could afford to pay it. we started letting the students to pay it at fixed percentage of north carolina. nobody had to drop out of school because they borrowed money. [cheering and applause] what the president did because he knew we needed more people to get college degrees the cost of college was killing people. we dropped from zenned in the world to 16th. the percentage of the people graduated from college until we are almost first in a percentage that go. it's because the cost and people thinking that can never pay it back. it's a big deal. what happened when president obama and the congress adopted the so-called direct student loan program and allowed students to pay that money back at the fixed percent of their income for twenty years.
government announced they were what began lowering their corporate tax rate because they have to come pete in the eu -- compete in the eu region. we have been stymied. this is part of it. today, we have a situation where 40-some provisions of the tax code expire at the end of this year. 60-some expired a year ago. he really did not even have a tax code in the country today. he talked about the uncertainty he mentioned. this is for medium-sized business. what are the roles? it is like we're playing with the replacement referees and the irs. tell us what the rules are. >> i hear them saying we should emulate the swedish model. -- i never thought i would hear you saying we should emulate the swedish model. >> or the french or the others. >> the insidious europeans. >> the point everyone is trying to make is that we created most of these problems for ourselves. we should not be discouraged by the opportunity to resolve these issues. we should not be sitting around crying in our soup. we have to get up and pick ourselves up. if we fix the tax code in this country and if we establish a clear pat
are so heavily vested in government bonds. the report says japanese government bonds account for 24% of assets of banks in japan. the institutions could suffer heavy losses if bond prices plummet. banks around the world see japanese and u.s. government bonds as safer assets in the face of the prolonged credit crisis in europe. they snapped up japanese bonds, causing the yen to spike to record levels. imf economists note japan and the united states are facing huge deficits and the countries need to implement fiscal reforms to maintain investor confidence. it also acknowledges a decision by eurozone countries to launch a permanent fund designed to bail out struggling members. they say worries about the health of the region's financial system have increased since the spring with the need to use capital to help troubled banks in spain. >>> greece is one of the struggling eurozone members counting on bailout funds to keep it functioning. international lenders are demanding the country's politicians implement deep spending cuts in return for that aid. angela merkel traveled to athens to u
through a list of challenges in developed countries. government spending cuts, a weak financial system, high unemployment. emerging economies such as china drove the recovery from the global downturn, but they have cooled off. >> clearly the downside if the global economy were to slow much more than expected, then additional policy measures will be needed. >> reporter: he said he was encouraged by the easy money policies of many banks and pieces to what he called a complex puzzle are starting to fall into place. he said if the puzzle can be completed, then one can hope that the worst might be behind us. ron madison, nhk world, tokyo. >>> this high level gathering wouldn't have been happening here in tokyo if things had gone according to plan. accordi organizers originally decided to go in egypt. immediately raised his hand and proposed japan would host. we spoke with the vice minister of finance for international finance. >> reporter: vice minister nakoa was instrumental to bringing the meeting to tokyo. he says there are two goals he hopes to achieve during the meetings. >> in the int
. it is not. >> the man there says it is time for governments off to act. he said the biggest risk is the euro zone. private sector money pulled out from peripheral economies in the region back into the core ones. that is pushing up borrowing costs for government, banks, countries, italy and spain. this he is says feeding a further downturn to. reap ver to reverse the situation is well timed fiscal consolidation and they need to do this reducing excessive debts. economists fame size steps need to be take in to boost foundations beneath banks they hope the european stability and bond buying program will help rebuild investor confidence. they suggest a unified system to supervise banks must be m playment pla -- implemented. economists point to japan as a risk. they project bank holdings of government bonds could increase to a third of total assets in five years. institutions could suffer heavy losses if interest rates rise. now the imf report suggests banks need a further boost to their balance sheets. and it said the japanese government should take tougher measures to deal with its budget probl
, the government will have to show it can protect this girl. the threat has not been lifted. >> that's right. we have heard statement after statement from the pakistani taliban justifying how they carried out the assassination attempt on a schoolgirl, saying they had held a council and decided because she had harmed their cause through her work, that it was illegal to kill her in its long. they said they will not spare her. -- that it was legal to kill her in islam. so she is still in danger. >> thank you. still to come, we bring you a special report from western syria in an area which remains largely untouched by the violence. away from danger. the mexican authorities are concerned that the leader of a notorious drug cartel has been killed. while admitting that his course has been stolen, they said forensic tests have proved the identity of the man who led the it task cartel before armed gang snatched his body from a funeral parlor. -- the zetas. >> the news from the mexican government point of view was mixed. on the positive side, they brought down a major player in the drug war, in a shootout
for governments and banks in countries such as spain and italy. vinals said neighbor nations need to do their part toward stability. policymakers need to build stronger firewalls and establish a banking union and a single supervisor. he said weak banks need to restructure their financing. now, vinals said what's happened in europe should serve as an example for financial leaders in the united states as well as here in japan. he said waiting until the strains become clearer just leads to harsher outcomes. vinals says japan's high level of debt presents a stability risk and said the government leaders need to deal with budget problems. they pointed to commercial bank holdings of government bonds as yet another risk. they project in five years bonds could make up a third of those banks' total assets and they warned those institutions would suffer heavy losses if interest rates rose. now, vinals said japanese leaders need to be more vigilant about their risks. i had a chance to speak with him about some of the problems and some of the solutions. mr. vinals, you spoke this morning about japan remaining
to be the federal government is the message to california. they need to pull back from their own regulations. i do think that we have this opportunity that it all fits under a growth leg. i think we would say -- and governor kasich is looking at this and governor davis is working on it, so you take the energy issue and say now i can fix some of the infrastructure needs that have been piling up. if we start doing that, we will be short on labor in this country. we will need to retrain the people who are not trained or skilled. the potential is enormous if there's any vision and any leadership. >> we will take questions in a moment. first i want to ask about the front page of the new york times, campaign finance and the super pacs going into the congressional races, a small super pacs. all of you, presumably, involved in congressional races. >> no, we are switzerland. >> what is the role for business in government and in election campaigns? >> there is a major effort that's been going on for some time in various ways to force business to back away from participating in both the election process and
a number of years in the spanish government from 1977 to 82. he was an active participant in the negotiations for spanish entry to what is now the european union, the european economic community. he also participated in a number of spanish negotiation then they got, not wto and with the european union and spain a century into the union after democracy was restored in spain and spain was welcomed into the european community process. in the last year at this government coming was minister of the presidency, played a very essential role in the entire spanish government situation. shortly after he joined banco santander and has now been there for over 20 years. he is now vice-chairman of the bank, member of the board, also member of the board of banesto, banco santander in portugal, a member of the board of a number of other financial companies in the group and is president of the print of the foundation and spain. i think we are uniquely privileged data to have a speaker from banco santander with its unique ability to see both the spanish situation, the overall banking situat
with residents and businesses. when residents feel threatened by the government they don't trust the government and we need less of the head butting and yes the city needs money but we can't do it on the backs of small business and the threats to residents and i completely oppose the meters on sundays and late nights. >> mr. crowley. >> in district seven i think it's necessary to dismiss this idea all together and let's not forget the holidays and they hit them as well. a one size approach doesn't fit this and i suggest the parking lots at the ball field and we do dynamic pricing and that is one solution that is dense and know they're going to pay for parking and looking for solutions to fit their car in for free. only in areas where there is the retail wrap that should happen but in district seven it's a disincentive for the merchants. >> we are good at shooting the goose and in the foot and muni says we have a deficit let's gouge the drivers. are you going to drive anywhere? no. you're going somewhere else and where is that revenue that we need? and by the way give free passes to youth a
the libyan government's response. it's a challenging environment in which to operate but i think we have done pretty well given the circumstances in which we find ourselves and we found ourselves able to move about and do the things that we have wanted to do because of the assistance we've gotten from the libyan government as well as from some of our other allies >> sreenivasan: a u.s. house committee holds a hearing tomorrow on the consulate attack. in pakistan, a taliban gunman shot and wounded a 14-year-old activist known for promoting girls' education. malala yousufzai was hit in the head and neck during the attack in the swat valley region. doctors said the wounds were not life-threatening. yousufzai spoke out on girls' education at a u.n. children's assembly last year. the taliban called her work "an obscenity" in a statement claiming responsibility for the attack. one out of every eight people on earth is going hungry, according to a u.n. report today. that comes to 870 million people, but it's far below the figure of one billion announced in 2009. the u.n. food and agriculture organiz
wood told the house of representatives oversight and government reform committee, get this, the consulate in benghazi never had the forces it needed to protect itself. never. >> the security in benghazi was a struggle and remained a struggle through my time there. the situation remained uncertain and reports from some libyans indicated it was getting worse. diplomat security remains weak. in april there was only one u.s. diplomatic security agent stationed there. they struggled to obtain additional personnel but was never able to attain the numbers he felt comfortable with. >>shepard: a former state department regional security officer in libya testified, as well. here is what he said, that the united states could not count on lib jab security forces to help with security adequately. >> the libyan temporary government was unable to extend security assets to diplomatic missions in the ways we are expecting to see around the world. we could not rely on the libyan government for security, intelligence, and law enforcement help to identify emerging threats or to ask them for as
enduring presence will be, and we're working on that right now both internal to our government, but also with our nato allies. so we're trying to determine based on the agreements made in lisbon and then reinforced in chicago about what this long-term commitment will be, and it's scoped against several missions, one of which is counterterror, another of which is continuing to train and advise at some level. another is to enable other agencies of government to do their job in afghanistan. and so as we determine how to, what we'll need to accomplish those missions based on the growth of the afghan security forces, sometime early in 2013 we'll come up with a number that will define our enduring presence. and then we'll take what we have there now, which is 68,000 u.s. and about 30, 34,000 coalition partners, and we'll establish a glide slope to get from where we are to where we're going to be. and the important point is that in that question is i want to reinforce that our objectives remain both sound and achievable. as for the insider threat, as i mentioned in my prepared remarks, the insi
around the world. we could not rely on the libyan government for security, inlligence, and law enforcement help to identify emerging threats or to ask them rise itin tohecotern a private interview, that a state department official who oversees diplomatic security wanted to keep the number of "aicyoty personnel in benghazi dahege the mmeecg om missions around the globe and a constant struggle. >> i worked closely with more than 275 facilities around the world determining the right it itee agogriorch o. evolving process that i appreciate and understand from my own time on the ground a a diplomatic security for. >>shepard: she testified that she has never visited lya. stdemeeld pon t ak le baorstsdhree others. the officials say they never concluded that the attack grew from a protest. never. no protest over a low-budget anti-islam video. you mayeca te unedta ss tthit onfll ple s ,nily cme loudly and over and over and over and over again that extremists hijacked protests over the video. there were no protests. the state departments coming thosssas wee f cag wendell is at the white
spending up to 38% of t economy during that same period. a government twice as large. if you have split government, obama gets elected in a a republican house or republican house or senator, what happens is exactly wha happened two years ago which is they'll extent bush tax cuts for two years and fight it out in two years. there's not going to be a cliff. everybody knows this because if obama shuts down the government in januar theemocrats lse ten senate seats, ten of which eulnerable in 20 # 14. a democratic senate d republican house encys that obama extends the tax cuts. gerri: i'm not se everybody is sanguine. mitt romney's been called a liar for the ideas on taxation and taxes. he wants to cut taxes 20% across the board for everybody, the poor, th wealthy, the people in between. can you do that and get rid of breaks in the tax code for wealthy people and come out with anything like a balanced budget? >> well, two things. yes, you can bring in the same amount of revenue with tax form, but, remember, republicans beeve if you do marginal tax rates, you actually get more growth. when re
be voting against this measure? >> originally it was all odd year elections for city government. the main focus was to have a lot of elections spread out so people would pay attention. that was the idea of the 1932 charter. it is good in the sense given the history of san francisco and, frankly, a lot of governmental problems we had historically, getting people to pay attention to city government has been very important. we had 1901 to 1907 a group called roof ring, they described the 18 supervisors then on the board as, quote, so corrupt they would eat the paint off the walls. that's the reason why we want people to pay attention to their city government. frankly, new england city governments are the small ones and tall hall government is the best of all. we can't do that. but we can give people is exposure to city government, it avoids a lot of problems. we have had a lot of mistakes. (inaudible) was not built when they put in the underground, that caused umpty million dollars to correct. >> we hope this discussion was informative. for more information on this and other ballot m
, supervisor. thanks for having me. proposition d is a good government measure that will increase voter turnout in our elections for city attorney and treasurer, two very important offices, and will also save the city 4.2 million dollars every 4 years. right now we elect our city attorney and treasurer in a very, very low turnout odd year election where they are the only two offices on the ballot. and turnout is always extremely low in that election. and it costs us over $4 million dollars to hold that election. proposition d would move the city attorney and treasurer elections to be on the same ballot as the mayor, which is a much myer turn jut election, so more people would be voting for city attorney and treasurer and every time we don't hold that very low turnout odd year election separately for city attorney and treasurer, we'll save 4.2 million dollars. prop d was put on the ballot unanimously by the board of supervisors and it's been endorsed overwhelmingly by both the democratic and republican party. >> dr. faulkner, do you think this is a good idea. >> it has several problems. the orig
there as tensions between the two countries intensify. the u.s. government suing the nation's biggest mortgage lender. we'll take a look at how the global industry is faring. then it's off to paris. the stricken car maker is downgraded by moody's a day after demonstrators stage protests. we'll have details from the french capital. and we'll head to new york where there's an appetite for young, profits that is, up nearly a quarter from a year earlier. we'll take a look on a big day for earnings on wall street. and a big week that's coming up. joining us now onset, though, bob mckey. bob, you're here with us, chief economist from independent strategy. i guess let's just begin by talking a little bit about some of these headlines that we're hearing from the imf regarding financial stability. obvious, i guess, to sort of draw attention to this issue, but in your mind, is there still lingering risk out there from the lack of reform, i guess, in some areas of the industry? >> i think what the global stability report is showing -- it's the third report the imf brings out at this semiannual meeting. e
said about taxes, he described a tax cut as the government writing people a check. i hope you don't want, i just want to explain it for him. this is how it works. when people earn money, it's their money, not the governments money. it's their money. [applause] >> don't interrupt. i don't want to lose the thread. [laughter] >> than the government takes some of it away in tax. so if we cut taxes, we are not giving the money. we're taking less of it away, okay? got it? [applause] >> and do you know what? while we are on a, who suffers when a wealthy businessman or operator moves to geneva? not him. it's those who want to work because the jobs come the investment, the growth will go somewhere else. [applause] we promised that those with the broadest shoulders would bear the biggest burden, and with as the rich will pay a greater share of tax in every year of this parliament. and in any one of the 30 years under labour, under labour. [applause] we haven't forgotten what it was like under labour. we remember who spent our golden legacy, who sold our goal from who busted our banks, who s
they wish it were more. one caller said i want signal government their options for everybody. there are different reasons. but it is starting to be on an upward tick. host: thank you very much. thank you for being with us. guest: thank you for having me. host: that does it for today. back tomorrow at 7:00 a.m. eastern. with more of your questions and answers. we will ticker now to the bipartisan policy center here in washington. >> this is the bipartisan policy center in washington. we are here to bring in a discussion on the center's task force. about the a report call effects of a nuclear iran. charles robb will be speaking. charles robb is at the podium. live coverage on c-span. >>. good morning. thank you for coming. welcome to the roll out of the price of inaction, analysis of energy and economic effects of a nuclear iran. let me begin with an apology if i met. to have a board meeting in chantilly, virginia this morning in which transformational decisions will be made. and i am also and investor, so i have a more than passing interest and will not be able to remain for t
to suggest that the government didn't know what it was doing and could have saved the lives of those men? >> well, ashleigh, it depends who you ask. if you ask democrats, it's the former. this is a political stunt to damage president obama just weeks before the election. but the republican chair of the committee, daniel issa, is saying listen, something went wrong, we need to get to the bottom of this. and indeed you're going to hear today from senior security officials that were posted in benghazi in months leading up to the attack, not on the day of the attack, posted in libya that say, look, we did send messages to the state department asking for additional secity, asking for security teams that were on the ground to be extended beyond their mandate over the summer. and so these requests were apparently either denied or not responded to. and so you'll hear from these security officials, and you'll hear from charlene lamb, a deputy assistant secretary who a lot of these requests went to. and i think a lot of people are wondering why she didn't respond to them, why, perhaps, she denied
. pee government waste... call our hotline... 410-662-1456 or go to foxbaltimoreedot comm the... political... war of wwrds... over... expanned gambling.../ continuuss.. to... bills."commercial nats" pats"supporters... and opponentss.. of... "questioo seven"... spent... mooe than 35-million dolllrs...///. penn national... spent 18-million.../ mostly.... .urging... ls../ - marylanders... to... vote "no"... on... seven..../ penn national... pasino... in... - weet virginia.../ &p and... rosecrof raceway ...in p.g. county. (bailey) "we believe the deck issstacked against us as the voters nd so we believe f - voters need to say no or we're asking voterr vote no and return the legislatoos to the drawingssboard." board."m.ggm....has already spent nearly18-milliin how are the roads looking tonig? tonight?brandi proctor has our traffic edge reporr. report. map395er695 @140mapi-83 @shawan pcity prosecutors decide not to charge an officer suspected of hheping to cover up the ssooting of a child. chill. new at :30 what mayyr rawwi
estates o to and bottom line. shares are getting a nice pop after-hours. >>> government is filing a civiluit ainst wells fargo. they are accused of reckless behavior issuing federally backed loans. shares of wells fargo fell nearly 2%. >>> all right, our top story today, german chancellor gela merkel arrived in greece today and was met with massive protests some greeks even dressed as nazis to mock the german leader that is so nice. what a great welcome. why are the greeks protesting one of the few people who might actually be able to help them escape a economic meltdown? joining me for more on is story, univeity of chicago proper professor charles lipscomb and former director of the congressional budget office, douglas holtz-eakin. thanks to you both for joining us. doug, what do you think of those pictures? >> i think ts is a reminder that geeks have not done the hard reforms they need to be successful. to be successful in the bad growth, big debt environment ey have to cut govnment employment and reduce transfer programs. they have done very little of that. they were supposed t
years, we have had revenues coming into the federal government at a level around 15% of gdp. that is a 60-year low. since 1960, we have never had a balanced budget in a year when revenues were less than 18% of gdp. in 2001, the last year we had a surplus, revenues were at 19.5% of gdp. we have a revenue problem. we need tax reform to solve it. some on the left have suggested corporate tax reform could be a source for new revenue but here i disagree. to preserve our international competitiveness, it is imperative we seek to reduce the corporate rate from 35% and do it on a revenue-neutral basis. this will boost growth and encourage more companies to reinvest in the united states. corporate tax reform, under the leadership of chairman baucus senator hatch should be treated separately from our attempt to get a handle on the deficit. but when it comes to the individual side of the code, our approach must be different. in this part of reform, the new money we collect from broadening the tax base cannot all be applied to prepare -- to reducing rates or else we will not get enough
to ensure that yes come the government is very much pro-life and that it would support legislation that would restrict abortion. this has all open up a bunch of new questions, some of which make them up at tonighttomorrow night's presidential debate and could come up in the second one. we are following this and we will see where it goes. jenna: it might be interesting if it comes up in the townhall today. we will be watching for that as well. reporter: it could be, maybe someone will bring up. we appreciated it always. you never know really what questions will be asked and it really does show the priority of voters in what questions and issues they want the candidates to address. jon: also interesting to hear what chris christie might say. we are continuing to monitor the next presidential debate. my next guest says that the president's performance in denver forced a major strategy change for the obama party. charlie gasparino joins us live. you are talking about the four letter word liar, right? reporter: everyone across the spectrum, even msnbc determined that barack obama had cl
government and it's our open government that you the voters have voted for so for four months the board is doing whatever they want to do, and there is no process for a check and balance, and that cannot go on while they make back room deals. they strategize and leave and go to other appointments that they are elected to, so with corruption here at city hall and we must face it. we must deal with it. >> thank you. mr. lagos. >> yes thank you cheryl. the number one issue for me is major land use development and affordable housing. i think they're codependent issues. the reason why i say this is because we have had a policy in the city for the last 40 or 50 years of transforming a lot of the working class, middle class neighborhoods into basically upper middle class, upper class neighborhoods and in my opinion it's destroying our city and there needs to be a stop put to it, and so that's what i see as the major problem here and the major issue which i would tackle if i were elected in november. >> all right thank you sir. mr. rogers. >> yes. i think the most important thing that cou
government, but hesitated to make decisions and were forced to rely upon local and tribal militias of varying degrees of loyalty. in late spring, the police were allowed to return to work to help with traffic, but were limited to that only. fighting between militias was common. militias separated -- they appeared to be disintegrating into freelance criminal operations. targeted attacks against westerners were increasing. in june, the ambassador received a threat on facebook with a public announcement he would like to run around the embassy compound in tripoli. when i arrived in february, three teams were on the ground. ambassador katz was forced -- lost one of his teams. the ambassador struggled with renewing the sst beyond april 5. that is ambassador stevens. the second msd team was withdrawn after the departure of critz. restricted from performing security work only and limited only to train local guard force members in july. the remaining msd was withdrawn at the same time the sst was terminated. the security in benghazi was a struggle and remained a struggle throughout my time there. the
that involves getting agreement from two companies, three governments, and that is incredibly difficult to do. the euro crisis has not helped, and in the end, you have to say investors in this company have not been convinced of the logic of this deal. you can see that from the fact that the eas share price has risen sharply on the news of the collapse of these talks. >> the international monetary fund has called on europe's leaders to do more to tackle the eurozone debt crisis. at the imf's annual meeting, leaders said the flow of money out of searching countries was particularly country. the imf chief also urged greece to take more concrete and urgent action to cut its spending. >> let's turn to the markets now and take a quick peek at some numbers. the dax ended the day almost 0.5% down. euro stoxx 50 closed 2% down. the dow jones currently going down 1%. the euro is trading at $1.2897. >> in germany after months of intense public debate, the government has unveiled new legislation aimed at regulating circumcision of young boys. >> it is to overturn a regional court ruling in may that circu
. >>> the government says wells fargo scamed many of you and we will tell you why they are going to court and what this is all about. >>> plus we don't blame the guys for running. after all thanksgiving is coming up. more on a neighborhood dealing way ward turkey. >> and we have lots of clouds around this morning. i will tell you when we will see the sun coming up. >> reporter: well, the west side of the beltway is extremely conjested at old court road and we are dealing with several accidents. details coming up on good morning maryland. >>> good wednesday morning thanks for joining i am megan pringle. fipple time for your abc2 news to go -- time for your abc2 news to g sherrie johnson is live with a consumer alert about fony air bags and charley is live with detail on how this city is plapping to cheer on the -- planning to cheer on o's. but first the weather with meteorologist lynette charles. >> good morning. let's check out maryland's most powerful radar because we are dry. we did get showers overnight and they were much needed but things are drying out and as we go into the afternoon, we will
is right. i don't want to barrow money from the chinese government so i can fund pbs. i guarantee you if they cutoff funding tomorrow big bird will find plenty of buyers and backers. they don't need that money. that's of the issue that is skirting away with this funny ad. >> no one knew that sesame street license did great. now everyone knows that. you used to think it was totally dependent on the government. >> as the father of four daughters, whaz your name? >> i don't have a take because i don't remember their names. david was one, i think, but i am a little high right now. 2 wasn't barak who brought it out in the debate. gentlemen, you are right -- yes, 3% comes from the government. it does not matter. w45 it does to our budget is infan tess mall. every conservative looks at it and says, yes, destroy pbs. mitney -- >> is that a new name? >> yes. >> i wish her name was kit and he was a talking car. i would vote for him. >> he reminds me in warmth of kit. >> bill, i do kind of agree with you bringing up sesame street and big bird in the debate was bad, but it is the obama campaign -
people to show the same type of thing had would be required to get government assistance and get on an airplane and try government building and is actually a common sense move to ensure we maintain the integrity -- >> the basic right of an american isn't to fly, is it? >> i don't understand your question. >> your basic american right in certain things is to be able to vote. >> i don't understand how -- entering a government building, getting government benefits, things like that, it is a common sense thing to say hey, if you are going to come in to a voting booth to claim you are somebody, we would like to actually use a common sense -- >> it is a -- to get an i.d. and certain cases considered to be a poll tax. poll tax is unconstitutional. is a poll tax constitutional or unconstitutional? >> poll tax would be. i don't understand -- that's like saying to drive on a road is a poll tax -- you have to get a license to enter a government building there is a poll tax because you have to show a photo i.d. to get government been pits a poll tax because you have to show i.d. to get those
romney talk about job creation. you didn't create jobs under bain or when you were government of massachusetts. jobs, what are you talking about jobs for? you don't know anything about jobs, 47 out of 50 and we're in a fight with this guy? he's leading now? you're kidding me! part of the reason is progressives are more honest than conservatives. when conservatives lose a debate oh, no, we won we won. i don't care, we won. what do liberals do, they said you're right we lost. >> president obama was not prepared for his huge debate. this isn't about left, right good or bad it's about coming to work to work. >> i think he was taken aback at the brazenness. >> i believe that mr. obama took a licking last night. the public knows that. he seemed not disinterested but uninterested. he looked as if he really would rather be somewhere else. >> when you've got to lead, try to sit on the ball in basketball and you've got the lead, when you play conservative, you often lose the lead. >> the president bizarrely just failed to show up. >> i'm showing you one of the strongest headline, a full
there are big differences about women's rights, big difference about the role of government in saving american -- that's my point. come back on me if i'm wrong. i don't think arguing about medicare dos and don'ts and what's in and what's out -- he'll always win that. you know why? he's willing to say anything, candidate, i was vice president of department of defense policy board. last year around this time i was down there in the combat zone let's watch. >> he is a pragmatic business person. he's a guy who likes to take apart a problem and figure out how to get it fixed. >> barack obama is a fascinating mixture of boldness and caution but then once he makes a decision, it's usually the bold one. >> mitt romney has been accused of flip-flopping, but on mormonism he will never flip-flop. >> and yet in politics he has often tried to keep that part of him behind the curtain. >> the backlash against his presidency must be mystifying to him because he genuinely doesn't see himself as a radical. >> well, with us right now is michael kirk producer of "frontline: the choice 2012." congratulations it wi
convention performance odd ball, unquote. she also wrote a very pro-pbs piece, but failed to cite government subsidies to that network. the former chairman of the board of the associated press, william dean singleton, last april introduced president obama at the annual a.p. lunch onby saying, quote, the president inherited the head winds of the worst economic recession since the great depression. he pushed through congress the biggest economic recovery plan in history, and on and on and on. a glowing introduction. now the a.p. is one of the largest news wire services in the world. and it's biased against mitt romney. i think that's true, beyond a reasonable doubt. local newspapers all over the usa carry a.p. photos and articles every day. that's a huge advantage for president obama. and perhaps the best example of what the national media has become in america. the obama campaign believes governor romney made a big mistake by saying he would stop federal money to pbs and npr. this morning, this ad was released. >> bernie madoff, dennis kozlowski, criminals, gluttons of greed. and the evil gen
objects to. there is no role for the government to be sort of people by race. >> the university of texas of austin's has what? guest: they say the supreme court has endorsed education and diversity as a compelling goal for the government and an exception to the usual rule that the government should not be classified people by race. it is true, and a 5-4 decision, the supreme court said that, but the key vote, sandra day o'connor, has retired, replaced by a more conservative judge, samuel alito, so in that they give us a new result. >> what is the result of this, who will hear it, who will decide? guest: only eight justices will decide. elena kagan is reduced from oregon and the case as a former u.s. solicitor general. it is a good bet the four more conservative justices, if not to strike an entirely, will limit the use of race. the three more liberal ones will go the other way. as usual, anthony kennedy will hold the deciding vote. on the one hand, he has said there have been some positive things about the importance of diversity. on the other hand, he has never voted to make sure that a
, to demolish or damage government aid programs. many of them designed to help children and the poor. >> the bombing in oakland the city has focused renewed attention on the rhetoric that's been coming from the right and those who cater to angry white men. although no one is suggesting right wing greater jocks approve of violence, the extent to which the approach fosters violence is being questioned by many observers. >> i don't think i think jesse jones defenders here. >> not me. i think you have to be worried about that's what's going on in the good lord's mind, because if there's retributive justice, he will get aids from a transfusion or one of his grandchildren will get it. >> it finally dawned on me that the person can start has reminded me of facially all this time was heinrich himmler, including his glasses. >> this advice, mr. bush, shut the hell up, good night and good luck. >> they have waved signs liking president obama to hitler and the devil can raise questions about whether he was really born in this country, falsely accuse him of planning to set up dead panels -- deat
governments not-for-profits. i know we bank churches. i just don't know the actual numbers. i'd be happy to share with them if you sen me ad me an e-mail. that's what we do, advise people, what's reasonable and not reasonable. a lending business, banks, unlike other institutions, often has to say no. sometimes we say we're not going to do it and it is not good for you, either. like selling someone too much liquor or letting them have that fifth drink at the bar. send me an e-mail. >> taking a slightly broader answer to that question, take a minute, talk about your definition -- here you are this large organization, you have enormous profits. what is your sense of corporate social responsibility? what sort of program -- what does jpmorgan define for itself -- >> i've never had a conflict over this. my job is to build a healthy, vibrant company. and i want -- in every community you operate in, including greece, italy and spain, for to you think we're a good corporate citizen. no different -- i really mean this -- than that corner store. that corner store participates in the community, they
that ensued. i'm not the first person to question the government numbers and hopefully i won't be the last. and he references someone who's criticized him a lot, which is rich austin golsby, our guest friday morning after the jobs report. jack mentioned a op ed in "the new york times" back in 2003, and in that piece, goolsbee spells it out. in other words, the government has cooked the books. when people serve manager the military were classified from not in the labor force to employed in order to reduce the unemployment rate. nonetheless, the impact has been the same. he was making the point that there was a jobless recovery that came later because they had notless the unemployment rate rise to the level where it would have been normally. and jack is going to join us at 8:00 eastern. the people that we've had have talked about jack have just pointed out, look, it's at 7.8 for whatever reason. you've got part-time workers. all these census workers call people and find out whether they're working. if you've done anything in the last month, you could theoretically call them part-time. >> if
in the attack. they had repeatedly asked for tighter security. initially, the american government the attack to protest against an anti-muslim film. now they say it was a terrorist attack. >> the committee will come to order. >> republicans are outraged at the change. >> in fact, it was 9/11, the 11th anniversary of the greatest terrorist attack in u.s. history, in new york, pennsylvania, and at the pentagon. it was that the anniversary which caused an organization allied with al qaeda to attack and kill our personnel. >> this is not just about why the attack took place. people at the state it -- the charges that people ignored the request for further security. only months before the election, that is a very serious charge. imitt romney has put the attack at the heart of his argument that president obama does not stand for america. -- stand up for america. >> as the administration has finally conceded, these attacks were the deliver it work of terrorists. >> the committee -- for the deliberate -- these attacks were the deliberate work of terrorists. >> we have hundreds of terrorist-type acti
safe. there could be problems with some air bags in certain vehicles there. and today, the government is warning car owners whose air bags have been replaced in the past three years that dangerous counterfeit bags may have been installed. national highway traffic safety administration says thousands of car owners may be driving vehicles with counterfeit air bags. some of the counterfeit bags do not inflate properly. in one case, a counterfeit bag fired shards of plays plaste being on impact and the fake bags look like ash-- plastics on impact and the fake bags look like real bags. no deaths or injuries have been reported and checking out air bags could run 100 dollars or more and some types of cars have 8 air bags. car owners should check a government website or call the manufacturer or local car dealership to check and make sure to see if your model and vehicle model is is on that counterfeit back list. reporting live in rogers forge, sherrie johnson, abc2 news. >>> if you are tired this morning, you cannot blame the o's. hopefully you got a good night's rest after tuesday's travel
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